🏆 Deal of the Week · CW 28/2021
Bunq raised USD 228 million in a Series A round in July 2021, reaching a post-money valuation of USD 1.9 billion. The round was led by Pollen Street Capital. The transaction marked one of the largest single-round raises by a European neobank at that time.
Bunq — key deal facts
| Company | Bunq |
| Founded | 2012 |
| Headquarters | Amsterdam, Netherlands |
| Amount raised | USD 228M |
| Valuation | USD 1.9B |
| Round | Series A |
| Investors | Pollen Street Capital (https://www.pollencap.com/) |
| Sectors | FinTech |
Who invested in Bunq?
Pollen Street Capital, a specialist alternative asset manager focused on financial services, led the Series A. The round is notable for being backed by a single institutional investor with deep fintech sector expertise, reflecting high conviction in Bunq's growth trajectory and European expansion strategy.
What does Bunq do?
Bunq is a Dutch neobank founded in 2012 by Ali Niknam and headquartered in Amsterdam, Netherlands. The company offers fully digital current and savings accounts, debit cards, mortgages, and subscription-based banking plans supporting multiple currencies and multiple IBANs for both personal and business customers. Its mobile-first platform operates across 30 European countries. Bunq is recognised as the second-largest neobank in the European Union, a position bolstered by its 2022 acquisition of expense-splitting app Tricount.
Bunq valuation & multiples
Explore the benchmarks: Series A.
Frequently asked questions
How much did Bunq raise in its Series A?
Bunq raised USD 228 million in its Series A round in July 2021.
What is Bunq's valuation?
Bunq was valued at USD 1.9 billion at the time of its Series A round in July 2021.
Who invested in Bunq?
Pollen Street Capital led the Series A investment in Bunq.
When was Bunq founded and where is it based?
Bunq was founded in 2012 and is headquartered in Amsterdam, Netherlands.
Source: original announcement — read the full report.